'(4A) The Secretary of State and the CAA may propose a person to manage the company's affairs, business and property while an air traffic administration order is in force; and if they do the court must appoint that person.'.

Page 26, line 5 [Clause 40], leave out from 'which' to end of line 24 and insert 'contains provisions for the transfer of

(a) any of the CAA's property, rights or liabilities or of all or part of its undertaking; or

(b) the property, rights or liabilities of a company (the transferor) which is wholly owned by the CAA or all or part of the transferor's undertaking;

to a company which is wholly owned by the Crown.'.

Mr Secretary Prescott

90

Page 26, line 22 [Clause 40], at end insert

'(ba) a company which is wholly owned by the Crown;

(bb) a company which is wholly owned by the CAA;'.

Mr Secretary Prescott

91

Page 26, line 23 [Clause 40], leave out from 'of' to end of line 24 and insert 'a company falling within paragraph (ba) or (bb).'.

Mr Secretary Prescott

92

Page 26, line 24 [Clause 40], at end insert

'(3A) Provisions falling within this subsection are ones for the transfer of any of the property, rights or liabilities of a company (the transferor) which is a wholly owned subsidiary of a company wholly owned by the CAA, or of all or part of the transferor's undertaking, to any of the following

(a) the CAA;

(b) a company which is wholly owned by the Crown;

(c) a company which is wholly owned by the CAA;

(d) a company which is a wholly owned subsidiary of a company falling within paragraph (b) or (c).

(3B) Provisions falling within this subsection are ones for the transfer of any of the property, rights or liabilities of a company (the transferor) which is wholly owned by the Crown but which was wholly owned by the CAA on the coming into force of this section, or of all or part of the transferor's undertaking, to any of the following

(a) a company which is wholly owned by the Crown;

(b) a company which is a wholly owned subsidiary of the transferor.

(3C) Provisions falling within this subsection are ones for the transfer of any of the property, rights or liabilities of a company (the transferor) which is wholly owned by the Crown, or of all or part of the transferor's undertaking, to the CAA.

(3D) Provisions falling within this subsection are ones for the transfer of any of the property, rights or liabilities of a company (the transferor) in circumstances where the transferor is a wholly owned subsidiary of a company (the holding company) wholly owned by the Crown and the holding company was wholly owned by the CAA on the coming into force of this section, or of all or part of the transferor's undertaking, to any of the following

(a) a company which is wholly owned by the Crown;

(b) a company which is a wholly owned subsidiary of a company falling within paragraph (a).

(3E) Provisions falling within this subsection are ones for the transfer of any of the property, rights or liabilities of a company (the transferor) which is a wholly owned subsidiary of a company wholly owned by the Crown, or of all or part of the transferor's undertaking, to the CAA.'.

Mr Secretary Prescott

93

Page 26, line 29 [Clause 40], after 'a' insert 'transfer'.

Mr Secretary Prescott

To move, That Clause No. 40 be divided into two Clauses, the first consisting of subsections (1) to (4) [Meaning of transfer scheme] and the second of subsections (5) to (9) [Transfer schemes: supplementary].

Page 27, line 30 [Clause 42], leave out from 'unless' to end of line 31 and insert 'a draft of the scheme has been laid before and approved by resolution of each House of Parliament in accordance with section [Transfer to be to not for profit company].'